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Projected fund balance shows $22 million beginning balance linked to $14 million coroner receivable; committee told it is not cash
Summary
The finance committee reviewed a projected fund balance report showing a $22 million beginning balance that staff said includes a receivable of about $14 million due from the coroner under newly implemented state law; staff said the receivable is not cash and auditors will coordinate with the coroner's auditors.
Annie, finance staff, presented the operating and grant funds projected fund balance report as of Feb. 28, 2025, and noted a beginning fund balance of about $22 million driven in large part by a receivable staff recorded for funds the coroner was required to remit under recently implemented state law.
Annie told the committee that, after consulting with auditors, staff recorded an approximately $14 million receivable at year-end because the statute required the coroner to remit remaining fund balance amounts to the parish. "So beginning fund balance we're showing is $22,000,000 but that's not cash," Annie said.
Committee member Ms. Sander asked whether the coroner's current-year spending could be seen from the report. Annie replied she is arranging a meeting with the coroner and their auditors to discuss the coroner's cash flow and how the coroner will record a payable for the funds due to the parish.
The committee expressed interest in seeing the coroner's cash-flow details; staff agreed to schedule the follow-up meeting and to report back to the committee. No formal action was taken on the fund-balance report at the meeting.
